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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

Polish New Zloty/Swedish Krona (FOREX:PLNSEK)

Long-Term Downtrend (-90) - PLNSEK is in a strong downtrend that is likely to continue. While PLNSEK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid PLNSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for PLNSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PLNSEK
Open High Low PLNSEK Price Change
2.1706 2.1734 2.1654 2.1697 -0.0009
Entry Signal

MarketClub’s Trade Triangles for PLNSEK

long term down The long-term trend has been DOWN since Sep 20th, 2021 at 2.2116

intermediate term down The intermediate-term trend has been DOWN since Sep 14th, 2021 at 2.2259

short term down The short-term trend has been DOWN since Oct 14th, 2021 at 2.1930

Smart Scan Analysis for PLNSEK

Based on our trend formula, PLNSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for PLNSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1706 2.1734 2.1654 2.1697 -0.0009
Prev. Close Volume Bid Ask Time
2.1706 2021-10-22 17:00:31
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